Ministers could give billions raised by business rates to England’s regions (opens original article in a new tab)

UK ministers explore devolving business rates revenue to regional mayors as part of tax system reforms, aiming to boost local economies and reduce inequality.

• Ministers consider devolving billions from business rates to regional mayors
• Proposed tax system aims to reward economic growth while addressing regional inequality
• Chancellor Rachel Reeves' plans include devolving tax control to local leaders
• Tourist tax implementation under consultation with potential flat fee or percentage structure
• Business rates remain politically sensitive due to recent revaluation impacts
• Experts highlight centralization of tax power as a cause of regional inequality